Companies in the timber industry / Daily News / Forestry / Lumber / Pulp & Paper / Sawmilling / Wood Products / Europe / Global / Russia
April 20, 2022

Segezha’s oligarch on the list of British sanctions

Segezha’s oligarch on the list of British sanctions
The Russian timber giant Segezha Group is unaffected by the British sanctions against Vladimir Evtushenkov that came into effect on April 13. The Russian oligarch is the founder and main shareholder of Segezha parent company Sistema PJSFC.  Vladimir Yevtushenkov has reduced his stake in the corporation to 49.2% amid UK sanctions.    Sistema said in a statement that Vladimir Yevtushenkov had transferred a 10% stake to his son, a member of Sistema's board of directors and a senior managing partner, Felix Yevtushenkov.    As a result of this transaction, Felix ...

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